Privacy

The Central Oklahoma Federal Credit Union is committed to making available financial products and services that will enable you to meet your financial needs and reach your financial goals.  Protecting personal information and using it in a manner consistent with your expectations is a high priority for everyone associated with our credit union.  As a member of our credit union, you also have a responsibility to safeguard your financial information.

To ensure that you can rely upon the quality of products and services we make available, our credit union stands behind the following privacy policy:

  • We routinely collect and retain the information we obtain from your account applications, transaction history (for deposits, loans, debit cards, etc.), and from consumer reports. This information helps:
  1. To establish and administer your accounts. (Example: We ask for personal identifying information to protect your accounts from fraud.)
  2. To satisfy certain regulatory requirements.  (Example: When you open an account that pays interest, we are required by the Internal Revenue Service to obtain your Social Security Number.)
  3. To better understand you so that we may provide you with additional or improved products and services.  (Example: We require information concerning your credit history and your assets to determine if you qualify for loan approval.)
  • Our credit union will collect only the personal information that is necessary to conduct our business.  That means just what is necessary to provide competitive financial products and services - no more.
  • Our credit union will protect your personal information.  Our credit union will maintain strong security controls to ensure that member information in our files and computers is protected.  Where appropriate, we will use security coding techniques to protect against unauthorized access to personal records, ensure accuracy and integrity of communications and transactions, and protect member confidentiality.
  • You will always have access to your information.  Access to your personally identifiable financial information is limited to employees with a specific business reason for utilizing this data.  As a member of our credit union, you will always have the opportunity to review your information and make necessary changes to ensure that our records are complete and accurate.
  • We do not share nonpublic personal information of our current or previous members and nonmember customers with affiliates or nonaffiliated third parties except as permitted or required by law.

 

 

This policy was approved by the Board of Directors on January, 2003.